NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
HONG KONG UNIVERSITY OF SCIENCE AND TECHNOLOGY
KOREA DEVELOPMENT INSTITUTE
KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY
TOKYO CENTER FOR ECONOMIC RESEARCH
CHUNG-HUA INSTITUTION FOR ECONOMIC RESEARCH
PRODUCTIVITY COMMISSION
Twelfth Annual East Asian Seminar on Economics
Privatization, Corporate Governance and Transition Economies
Takatoshi Ito and Anne Krueger, Organizers
June 28-30, 2001
Renaissance Harbour View Hotel
1 Harbour Road, Wanchai
Hong Kong, China
PROGRAM
THURSDAY, JUNE 28:
Session Chair: ANNE KRUEGER, Stanford University and NBER
9:00 AM CHEN CHIEN-HSUN and
SHIH HUI-TZU, Chung Hua Institution for Economic Research
Initial Public Offering and Corporate Governance in China's Transitional Economy
Discussants: DEUNDEN NIKOMBORIRAK, Thailand Development Research
Institute
CHANGQI WU, Hong Kong University of Science and Technology
10:00 AM DAVID LI and FRANCIS LUI, Hong Kong University of Science and Technology
Why do Governments Dump State Enterprises?
Evidence from China
Discussants: DEUNDEN NIKOMBORIRAK, Thailand Development Research
Institute
YUN-WING SUNG, Chinese University of Hong Kong
11:00 AM Break
11:30 AM KEIJIRO OTSUKA and
TETSUSHI SONOBE, Tokyo Metropolitan University
Discussants: YUN-WING SUNG, Chinese University of Hong Kong
YANG YAO, Beijing University
-OVER-
12:30 PM YANG YAO, Beijing University
Government Commitment and the Outcome of Privatization in China
Discussants: TAKATOSHI ITO, Ministry of Finance, Japan and NBER
DAVID LI, Hong Kong University of Science and Technology
1:30 PM Lunch
Session Chair: TAKATOSHI ITO, Ministry of Finance, Japan and NBER
2:30 PM FUMITOSHI MIZUTANI, Kobe University
KIYOSHI NAKAMURA, Waseda University
The Japanese Experience with Railway Restructuring
Discussants: MARIO LAMBERTE, Philippine Institute for Development Studies
HELEN OWENS, Productivity Commission
3:30 PM Break
4:00 PM HELEN OWENS, Productivity Commission
Rail Reform: Privatise, Corporatise, Franchise or Contracts
The Australian Experience
Discussants: JOHN MCMILLAN, Stanford University
MARI PANGESTU, Centre for Strategic and International Studies
5:00 PM TSURUHIKO NAMBU, Gakushuin University
What Has Been Achieved in Japanese Telecommunications Industry since 1985?
Discussants: IL CHONG NAM, Korea Development Institute
RICHARD SNAPE, Productivity Commission
6:00 PM Adjourn
7:00 PM Banquet
FRIDAY, JUNE 29:
Session Chair: FRANCIS LUI, Hong Kong University of Science and Technology
9:00 AM IL CHONG NAM, Korea Development Institute
Recent Developments in the Public Enterprises Sector in Korea
Discussants: CASSEY LEE HONG KIM, University of Malaya AARON TORNELL, UC, Los Angeles and NBER
10:00 AM Break
-OVER-
10:30 AM SUNG WOOK JOH, Korea Development Institute
Korean Corporate Governance and Firm Performance
Discussants: MARIO LAMBERTE, Philippine Institute for Development Studies
PHILIP WILLIAMS, Melbourne Business School
11:30 AM YOUNGJAE LIM, Korea Development Institute
Sources of Corporate Financing and Economic Crisis in Korea:
A Micro-Evidence
Discussants: FRANCIS LUI, Hong Kong University of Science and Technology
CHONG-HYUN NAM, Korea University
12:30 PM Lunch
1:30 PM Afternoon Free/Guided Tour
6:30 PM Dinner
SATURDAY, JUNE 30:
Session Chair: ANNE KRUEGER, Stanford University and NBER
8:00 AM PHILIP WILLIAMS, Melbourne Business School
GRAEME WOODBRIDGE, Frontier Economics Australia Pty Ltd.
Antitrust Merger Policy: Lessons from the Australian Experience
Discussants: CHARLES CALOMIRIS, Columbia University and NBER
CHONG-HYUN NAM, Korea University
9:00 AM SIMON JOHNSON, MIT and NBER
ANDREI SHLEIFER, Harvard University and NBER
Privatization and Corporate Governance
Discussants: CASSEY LEE HONG KIM, University of Malaya
RICHARD SNAPE, Productivity Commission
10:00 AM Break
10:30 AM CHARLES CALOMIRIS, Columbia University and NBER
JOSEPH MASON, Drexel University
How to Restructure Failed Banking Systems: Lessons from the U.S. in the 1930s and Japan in the 1990s
Discussants: SIMON JOHNSON, MIT and NBER
MARI PANGESTU, Centre for Strategic and International Studies
11:30 AM Lunch
-OVER-
Session Chair: TAKATOSHI ITO, Ministry of Finance, Japan and NBER
1:00 PM AARON TORNELL, UC, Los Angeles and NBER
Banks, Bailout Guarantees and Risky Debt
Discussants: KYOJI FUKAO, Hitotsubashi University
SUNG WOOK JOH, Korea Development Institute
2:00 PM JOHN MCMILLAN, Stanford University
Using Markets to Solve Public Problems
Discussants: KYOJI FUKAO, Hitotsubashi University
TSURUHIKO NAMBU, Gakushuin University
3:00 PM Adjourn
6:30 PM Dinner
6/4/01